Proposed transaction still requires approval from US and Chinese authorities alongside European Commission.
UPM
Martin á Porta named Deputy Chair as committee leadership assignments confirmed at constitutive meeting.
New slitting and distribution site will serve Northern and Eastern India and will complement the Mumbai terminal opened in 2024.
New solution combines barrier papers with biodegradable coating to deliver grease resistance at low coat weights.
Company establishes new transformation leadership role, appointing Risto Penttinen to Group Executive Team.
Initiative replaces thermal disposal with material recycling for used press felts and forming fabrics.
Pulp deliveries rise 4% while paper deliveries decline and electricity output edges lower.
Agreement enters into force on December 31, 2025 after regulatory approvals and includes reciprocal wood supply and ownership changes.
The world's first commercial-scale wood-to-chemicals plant targets 220,000-tonne annual output upon full operation.
New five-year revolving facility refinances two previous agreements totaling Euro 1.75 billion.
The shutdown, affecting 189 employees, follows concluded arbitration and will take effect 31 December 2025.
Planned transaction covers UPM Communication Papers and Sappi’s European graphic paper businesses with combined enterprise value of Euro 1,420 million.
The Nancy site will continue as a slitting and distribution terminal after a restructuring affecting 79 employees.
The plan targets Euro 10 billion in bio-based product purchases by 2030 and aims to expand a Euro 2.7 trillion sector employing 17.1 million people.
The new WISA-LNG Spruce plywood, tested with Gaztransport & Technigaz, increases availability for LNG carrier construction and adds production at UPM Pellos Plywood Mills in Finland.
UPM’s sales fell 9% to Euro 2.3 billion as pulp and paper prices declined sharply; the company expects lower margins in H2.
Facility near Hanoi will improve delivery agility and support growth in high-demand end-use segments.
Shutdown in Q4 to reduce workforce by 220 employees.